The Daily Shot Brief – August 6th, 2019



The United States: The employment cost index vs. the prime-age non-employment rate (a variation of the Phillips Curve):

Source: @ModeledBehavior


The Eurozone: Investor sentiment continues to deteriorate.

Source: The Daily Shot


China: The widening spread between Chinese and US bond yields should provide some support for the renminbi.

Source: The Daily Shot


Credit: Investors can’t get enough of muni funds.

Source: Janney

Food for Thought: Labor force participation and employment growth by metro-area size:

Source: Wells Fargo Securities

Edited by Joseph N Cohen


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Thanks to Josh Marte (@joshdigga), Matt Garrett (@MattGarrett3), Joseph Cohen (@josephncohen),, S&P Global, and Moody’s Investors Service for helping with the research for the Daily Shot.

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